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Are entrepreneurs and innovations on the internet helping change the financial basis of retirement for the baby boomer generation?
It hasn’t happened overnight and it wasn’t exactly planned, but clearly the internet has become more user friendly to the average citizen. In fact, the evolution of websites to blogs was partly caused by the fact that html code and establishing a website was not particularly user friendly. Now, blogs are readily accessible to anyone with modest computer and internet skills. Establishing a blog is now so simple it can be done by school children in five minutes. The blogosphere was reported as having over 112.8 million English language blogs at last count by the Blog Herald, but this does not count the 72 million Chinese blogs and blogs in other languages. A lot of the changes that have made this possible have been completed by entrepreneurs.

Now, that anyone with modest computer skills and knowledge of the internet has the ability to make money on the internet to supplement their income. However, this is not easy and you need to be taught how to do this and to watch out for fraud.

Innovations on the internet can help retirees overcome financial problems

There are internet millionaires, but the vast majority of people who try to make money on the internet and succeed only to generate supplementary income. This can make the difference between financial hardship and being moderately comfortable financially. If you choose this route it is something that will have to be worked at because it is not a quick fix and there is a substantial learning curve. You also need to do your homework and follow a reputable system with appropriate support.

To be internet smart you need to be aware that there is a high level of internet fraud and you have to be able to sort out what is genuine

Governments are supporting internet users by providing information about fraud. It is worth quoting the United States Department of Justice website as to what is internet fraud:


What Is Internet Fraud?
The term “Internet fraud” refers generally to any type of fraud scheme that uses one or more components of the Internet – such as chat rooms, e-mail, message boards, or Web sites – to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to other connected with the scheme.
If you use the Internet with any frequency, you’ll soon see that people and things online tend to move, as the saying goes, on “Internet time.” For most people, that phrase simply means that things seem to happen more quickly on the Internet — business decisions, information-searching, personal interactions, to name a few – and to happen before, during, or after ordinary “bricks-and-mortar” business hours.
Unfortunately, people who engage in fraud often operate in “Internet time” as well. They seek to take advantage of the Internet’s unique capabilities — for example, by sending e-mail messages worldwide in seconds, or posting Web site information that is readily accessible from anywhere in the world – to carry out various types of fraudulent schemes more quickly than was possible with many fraud schemes in the past.

It is worth visiting the website of the United States Department of Justice to read the information on internet crime. The link is :United States Department of Justice. Other links of interest are :Internet Crime Complaint Centre and Federal Bureau of Investigation.

The United States Department of Justice website has substantial information about internet fraud that is also worth following up when you are doing your research.

Over the coming months I will complete further posts on this subject as it is important to understand the scams and traps. It is very easy to be misled and being forewarned can save you money and time.

Jack Taggerty

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